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<br />C,.'nlrulC<>i<>,adoWCD <br />ND\I&mbe, T9.~1, ~003 <br /> <br />Ago<-.:allem8c <br /> <br />G;tvfllPltStoraqe <br /> <br />Table 2: Gra\Hl1 PitStota9f1 <br />Groundwater Management Subdistriet _ CCWCO <br /> <br /> Storage Storage Storage <br />Prolect Location As of 2002 Completed 2003 2004 - 2005 <br /> (acre-leetl (acre-feel) acre-feet <br />SiebnngReservoir Greeley 2,000 <br />WatkerReservolr BnghtOl'1 1,000 <br />Koen>g Reservoor Fortu..plOn 1,100 <br />83'" Avenue Res. Greeley 300 <br />BemhardtReservoir 1I.1iII.~en 2,500 500 <br />NissanReservoir Kersey ."", <br />100ah ~,()l1O af-ft 2.500af-r, 2,~OO af-ft <br />Grand Totat 10.000 acre-feel <br /> <br />Groundwater Management Subdlstrie1- CCWCO <br />The GMS-CCWCD 's a Water Conservancy District authorize<:! under the Waler <br />Consarvancy Act of 1931 aoel Sections 31-45-118 afld 31-45-134 CotOrllOO Revised <br />StaMes, These entities have the power 10 acquire and sell water nghts, eoostruet and <br />operate facititJes,exerase eo1'lnentdoma,n, levy taxes, and eontraCl w,th 0 theragenoes, <br />Includjng the CWCB Waler conservancy d,stncts are subject to the provisions of <br />TABOR. <br /> <br />On November 5, 2002 a ballol issue election was pasSfl<l by the Subl;lislrict electors <br />allowing debt 10 be Increase by $20 million, and repatd by lax Wlcreasesofu pto$1.62 <br />milhonannually. The purpose was to p.,ln;hase wafer rights and 10 buold reservolrs and <br />groundwater recharge facilities This allows the Subdistriclto pledge tax revenues 10 <br />repaytheCWCBloan, <br /> <br />ProiectOllscrlDtlon <br />Three allernati\les were analyz"d in the updale<i feaSlbollty study: <br /> <br />1. Theno.actionall"rnalive <br /> <br />2, Purehase senior wat<lr righlS and oonslrucl storage facililles looov<lra 300- <br />day period or call ($22.65 m,llion) <br /> <br />3 Purdlasesentorwalerrighlsaodconstructslaragefac,litiestocovera365- <br />day pe:nOdofcall ($35 m<II'on) <br /> <br />Alternative No.1: No Action. This allema:ive is unacceplable because it will result in <br />all of the Subd,stricfs Curren! members (96e wellll being shul off in years when <br />augmentation waler SUllpl~s are inadequate, tl is eSl,mate<llh,srould occur. on <br />averagll, two or three Y<lars out of len. The er::onomic impacl of the-no action- <br />alt..rnative would be devastating to iocalgrtm<efS, communit~s and the enlire Slate. <br /> <br />" <br />